. >> ben bernanke called on congress to raise the debt ceiling. he said the u.s. can avoid defaulting on its day. the dean and the university's ford school of public policy moderates this discussion. this is just over an hour. >> thank you very much. it is also my great pleasure to welcome all of you here today, and on the half of the gerald r. to ford school of public policy, the university of michigan is extremely honored to welcome the honorable ben bernanke, chairman of the board of governors of the federal reserve system. today's conversation is the latest in a series of distinguished lectures, "policy talks @ the ford school." we are so pleased that susan white could introduce today's event and we're also very pleased to have president mary sue coleman with us today, as was regions american nelson and power, who were already mentioned to you. we also have several of the university executive officers and deans. and i would like to welcome all of them to thank them for joining us today. while it's an honor and truly a personal pleasure for me to introduce our